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Azerbaijan’s total public debt to GDP forecasted at 18,7%
Finance
- 04 November, 2017
- 10:13
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Baku. 4 November. REPORT.AZ/ Azerbaijan’s public debt to GDP ratio in 2018 is forecasted at 18,7%, while domestic state debt to GDP ratio is expected to be 1,1%.
Report informs referring to recommendations of the Chamber of Account on 2018 state budget draft law.
In 2016, total public debt to GDP ratio was 22,3% and domestic state debt to GDP ratio -2,0%. In 2015, this indicator was 28,3% and 8,5% respectively, in 2014 11,2% and 2,6%.
The volume of GDP in 2018 is forecasted to be 69 395,4 mln. AZN with 1,5% real growth.
Notably, total state debt to GDP ratio in developed countries shouldn't exceed 60%, while in emerging countries it needs to be under 40%.
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